Benkadi I Group
The women are collaborating with the microfinance institution Soro Yiriwaso with the goal of being able to organize their work better at the start of the rainy season. The crops grown include rice, peanuts, and beans. They are on their second collaboration with the institution.
With this new loan, ADIARRA, who is the first person sitting from the right, plans on buying farm inputs and sundry equipment and paying for plowing to maintain about 0.5 hectare of rice and of beans.
After the harvests, the produce is sold in the cities of Banco, N’Golobougou, and Dioïla to a customer base composed of men and women. ADIARRA plans on making an average profit of about 75,000 francs CFA per planting.
Avec ce nouveau prêt, ADIARRA première personne à partir de la droite dans le rang des assises, compte acheter les intrants, les petits équipements et payer les frais de labour pour entretenir environs 0,5 hectare de riz et de haricot.
Les productions sont vendues au niveau de la ville de Banco, N’Golobougou et Dioïla après les récoltes à une clientèle composée d’hommes et de femmes. Elle compte réaliser un bénéfice moyen de 75 000F CFA environs par campagne.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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